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Bad Credit Installment Loans – OK to be Qualified!

Need Bad Credit Loans?

Even with bad credit or no credit history at all, you have a good chance to be qualified for a payday or an installment loan. Apply to the lenders we represent. They approve loans based on more factors than the borrower’s score.

Want to Have It Fast?

It will take you no more than 5 minutes to fill out our online form. Don’t worry about your personal data – our channels are safe and secure. Your request will be processed as quickly as possible. Money will reach your bank account either the same or the next business day.

Looking for Easy Solutions?

Be honest when putting down your details. The rest is our work: our lenders will consider your request and provide you with the necessary sum. You will have no troubles with hard paperwork and faxing.

Get started with your bad credit loan!

All You Need to Know about Bad Credit Loans

From time to time, we take out a personal loan, and then make mistakes or fail to pay it off in due time. It turns out that our credit history is poor. As a result, many borrowers with bad credit are often rejected by banks and other financial organizations to obtain a cheap personal loan. Nevertheless, poor score is OK and it is still possible to get an online cash advances like payday or installment loan. However, it will cost you much more now, as lenders are not confident that you can repay on your own. Thus, you have all chances for being approved for a guaranteed payday loan.

The case is that some lenders do allow credits to the so-called ‘risky’ borrowers, while others prefer to work with ‘credible’ ones only. Thus, you should be ready that some companies will find your rating quite all right, even if it is poor. But they are sure add some fees to the interest you will have to pay, as they need to protect themselves in any way. This is quite logical.

Ways You Can Kill Your Credit Score
  • Be late with your prescheduled payments on an installment loan;
  • Fail to pay off your payday loan;
  • Have your debt handed over to a collection agency;
  • Lose your house to foreclosure;
  • Ask for a higher limit on your credit card, and so on.
Features of Bad Credit Loans

Such microcredits are quite expensive, and this is the main thing you should remember. For instance, a payday loan amounting to $100 for two weeks will cost you from $15 to $20. The more time you need to use the money, the higher your overpayment might be. If you take out $500 at the interest rate of 15%, in 30 days you will have to pay off $575 (500*1.15). As for bad credit installment loans, they are accommodated less frequently that payday ones, and the overpayment is even higher there, as you will have a number of prescheduled payments including both the part of your debt and the additional charges.


How to Get a Loan with Poor Credit?

Even if your credit score is poor, you are still able to get a fast unsecured loan from a reliable financial organization. You just need to find one. And our website will help you with this issue, as the list of our partners includes hundreds of lenders from all over the country. They have different credit conditions and thus there’s a good chance that you will come across the most suitable offer in no time.

Our lenders can offer you payday and installment loans on favorable terms, and with minimum of paperwork. This doesn’t mean that they approve all requests without exception – our lenders adhere to the automated decision making process, which includes a sort of credit check. Anyway, 100% of lenders check their borrowers’ credit score. But the results of these checks affect the credit terms and conditions only. You can be offered a higher percentage rate or a smaller amount of the loan only.

Additionally, for reference

All in all, bad credit loans are highly individual and variable. For instance, most standard banks and some online financial organizations regard borrowers with poor score as the “high risk” clients. As for other lenders, they can consider the same persons to be reliable enough for a payday or an installment loan.

Everything depends on the sum of money you need. For instance, you may be qualified for a $500 loan, but be turned away by the same company when you ask for $1000. One more thing that may be different when it comes to bad credit loans is interest rate and other charges. As a rule, they vary in a wide range depending on the borrower’s credit history and lender policy.


What Should I Do to Get a Guaranteed Loan for Bad Credit?

If you are sure that you need an online short-term loan for bad credit – either a payday or a personal one – abide to the following plan:

1. Fill out our request form

Specify only true and legal data to increase your chances to be approved.You must satisfy basic credit requirements:

  1. At least 18 years of age;
  2. Live and work in the USA;
  3. Have a valid bank account;
  4. Have a minimum stable income for unsecured loans.
2. Be matched with a great lender
Our system processes your request automatically and redirects it to the credit organizations from our network. You’ll be matched with the lender who can offer you the sum you need. Then, you will discuss the details of the loan and e-sign the agreement.
3. Get your guaranteed money
The necessary sum will be deposited to your bank account the same or the next business day after you’ve e-signed the agreement. Use your money instantly.

  • 100% online and secure request form;
  • Trusted direct lenders. Wide network from all over the country;
  • No need for any collateral;
  • Get up to $1,000 of payday and $3000 of installment loan for bad credit;
  • Our services are absolutely free of charge.
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How to Improve Your Credit Score?

The best and the easiest way to make your rating higher is to pay all your bills on time. Whether it’s a utility bill, an internet contract, a phone landline or a credit card – avoid debts in any case. Besides, you can take out a microcredit and pay it off in due time. When considering your application, banking organizations will see that you are a reliable client, and all your previous credit troubles will fall by the wayside. In such a case, they’ll be ready to offer better credit terms and the larger cash advances, which is good for you.

What about short-term Loans?

If you decide to take out a new loan with the objective to improve your score, be very careful with it. Remember, that it is wiser to choose a payday loan, not an installment one. Take the money only if you’re 100% sure that you will be able pay off the whole sum plus interest and other charges in due time. As a rule, the period of payday loans is 14 days. All the features of the loan will be indicated in the agreement – take time to study it carefully and avoid payment delays. If you fail to pay off, you’ll only get deeper in debt trap and your credit score will drop even more.

Things you should remember about poor credit cash advances:
  • As a rule, they are given for a shorter period of time;
  • Late repayments will result in extra costs, which can ruin your credit score even worse;
  • One should apply to bad credit installment and payday loans in emergency cases only;
  • It’s unwise to use new cash advances to pay off existing debts;
  • If you repay the loan in due time, your credit score becomes higher, and vice versa.

Conclusions

Eventually, you should understand that if you need urgent money, but your credit score is far from ideal, there are no real obstacles to be approved for a quick loan. All that you need to do is to fill out our online application form, and we will match you with the direct lenders who can offer you the necessary sum. Please, do not forget to study the loan agreement before you sign it and make sure you will be able to pay back in due time. As we’ve mentioned earlier, when it comes to poor credit loans, the interest rate may be really high.